When the new Subaru Ascent reaches dealers this summer, it will be priced well below its competition in the three-row, all-wheel-drive crossover segment, while becoming the brand's most expensive crossover or wagon.

Subaru reported a slide of more than 4 percent in quarterly operating profit, weighed by sales of lower-margin models and increased discounting in the United States, the Japanese automaker's biggest market.

Fiat Chrysler Automobiles named Tim Kuniskis to be the new global head for Maserati and Alfa Romeo while trimming some responsibilities from the brands' multitasking former boss, U.S. sales chief Reid Bigland.